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Market Snapshot
Panama City Beach is often touted as the world’s most beautiful beach, courtesy of its salt-white sand and pristine waters. It is a favorite holiday destination for vacationers, and a popular spring break holiday destination. However, what all these people travel so far to experience is what the locals sample every single day.
In 2006, CNN Money named this city as the number one real estate market in America, courtesy of the real estate boom experienced in Panama City Beach at the time. Old motels and homes were replaced by modern and high rise condominiums, giving this city a new look. The real estate boom was necessitated by an increase in population in the area. It resulted in the growth of a lot of industries, including tourism and retail. Tourism is a major industry in this city, as thousands of people flock the beaches every year. In order to support the influx of visitors, the local government has invested a lot in infrastructure. The Northwest Florida Beaches airport makes it easier for outsiders to get to this city.
One of the most attractive things about Panama City Beach is its glorious weather. Even while the rest of the country is getting ready for cold wintry months, the sun still shines bright in this city. Outdoorsy residents can enjoy water sports, boating tours, or the excellent views in the area. The entire family can have fun at Sea Screamer or the Dolphin and Snorkel Tour. Some of the sights and landmarks in this city include Russell Fields City Pier, Water Planet, and M.B. Miller Pier. Those who’d like to escape the tourist crowds and enjoy a private beach will find the perfect bolthole at the Shell Island.
Aspiring home buyers often clamor for the available new homes for sale in Panama City Beach, and a wise home buyer should take advantage of knowledgeable resources to beat the competition. New Home Source provides aspiring residents with everything they need to make an informed decision in the shortest time possible. Click through our site and choose a home within your budget, which should fall between the mid $200s and the lower $400s. The size of a home in this city ranges from 3 bedrooms and 2 bathrooms to 4 bedrooms and 3.5 bathrooms.
You new home is at your finger tips, thanks to New Home Source. Browse through our site to get a home that pleases you and your family.
Market Overview: New Construction in Panama City Beach, FL
Here is a quick overview of housing developments in Panama City Beach, as well as the new construction outlook for new build homes in Panama City Beach:
| City | Panama City Beach |
| State | Florida |
| Metro Area | Panama City |
| New Home Communities | 21 |
| Quick Move in Homes | 173 |
| Homes Under Construction | 170 |
| Starting Price | $204,900 |
| Average Price | $345,598 |
| Price Per Square Foot | $179 |
| Home Builders | 9 |
| Builders in Panama City Beach |
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Customizable Options in Panama City Beach
| Floor Plans Available | 151 |
| Bedroom Count | 2 to 5 |
| Bathroom Count | 1 to 4 |
| Square Footage Range | 915 to 4,048 sq/ft. |